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RG-L1107 : Local Currency and Securities Market Financing for Microfinance Institutions

Project Status: Closed

The project's purpose is to help Tier 2 and Tier 3 microfinance institutions to access domestic capital markets and local currency financing, in order to expand their operations to reach underserved populations. A fund will be established that will provide local currency lending and will underwrite debt placements of MFIs in the domestic (local currency) capital markets.

Project Detail

Project Number

RG-L1107

Project Country

Regional

Project Sector

FINANCIAL MARKETS

Project Subsector

FINANCIAL INCLUSION

Project Type

Loan Operation

Project Lending Type

NSG

Project Modality

Project Facility Type

Project Status

Closed

Operation Number

2960/MS-RG

Financial Information

Project Number

RG-L1107

Project Status

Closed

IDB Financing

Financing type

MIF

Fund

MIF-Small Enterprise Investment Fund

Reporting currency

USD - United States Dollar

Reporting date

Jul/18/2023

Roles & Responsibilities

Contract signature date

May/09/2014

Project Information

Total Cost

USD 2,028,000

Country counterpart financing

USD 28,000

Amount

USD 2,000,000

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